#copyright #patent #trademarks #infringement #intellectualproperty #IPR #IPRinfo #IPlaw #IPRrights #Trademarkclickcom #IP #lawfirms #lawyers #legalmarketing #entrepreneur #IPRBlog #IPBlog #Nokia #Daimler #PatentLicensingAgreement #royalty
Daimler has finally agreed to pay Nokia for using its patents. This puts a full-stop on a battle between tech and car companies over the issue of royalties for key technologies. Nokia manages to make EUR 1.4 billion (roughly Rs. 12,450 crores) in licensing revenues every year. Nokia and carmaker Daimler had sued each other in German courts. Tech firms are always in hope of getting royalties from automobile makers for using their technologies in navigation systems, vehicle communications, and self-driving cars. The same was the case between Nokia and Daimler but the latter say their suppliers should pay instead, which could help in reducing the fees for patent holders.
The agreement was announced jointly with Daimler which marks the latest win for Nokia. It also struck a deal in the month of April with Lenovo under which it was agreed that the world's biggest PC maker would make a net balancing payment to Nokia which resolved all pending litigations between the two. Nokia and Daimler said that they had successfully reached a patent licensing deal which results in halting their litigation. The world-famous German carmaker has never paid Nokia for using its patents to date. "We welcome the settlement, from an economic point of view and because we avoid lengthy ... disputes," a Daimler spokeswoman said in an interview.
"Under the agreement, Nokia licenses mobile telecommunications technology to Daimler and receives payment in return," the companies said in a joint statement. "The terms of the agreement remain confidential as agreed between the parties," they added. The end of this dispute means that the German court's request for guidance will be moot. The request was made last year to the Luxembourg-based Court of Justice which is Europe's highest court. Audi, Bentley, BMW, Mini, Porsche, Rolls Royce, Seat, Skoda, Volkswagen, and Volvo are some of the examples who are already paying patent fees to Nokia.